First Heartland Consultants Inc. Raises Stake in Exxon Mobil Co. (XOM)
First Heartland Consultants Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,739 shares of the oil and gas company’s stock after acquiring an additional 1,894 shares during the quarter. First Heartland Consultants Inc.’s holdings in Exxon Mobil were worth $2,159,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Prospera Financial Services Inc lifted its stake in Exxon Mobil by 51.1% in the first quarter. Prospera Financial Services Inc now owns 40,644 shares of the oil and gas company’s stock valued at $3,345,000 after buying an additional 13,753 shares during the period. Integrated Wealth Management lifted its stake in Exxon Mobil by 3.2% in the first quarter. Integrated Wealth Management now owns 77,002 shares of the oil and gas company’s stock valued at $6,315,000 after buying an additional 2,421 shares during the period. BLB&B Advisors LLC lifted its stake in Exxon Mobil by 0.3% in the first quarter. BLB&B Advisors LLC now owns 168,988 shares of the oil and gas company’s stock valued at $13,859,000 after buying an additional 499 shares during the period. Merriman Wealth Management LLC lifted its stake in Exxon Mobil by 16.6% in the first quarter. Merriman Wealth Management LLC now owns 13,249 shares of the oil and gas company’s stock valued at $1,087,000 after buying an additional 1,891 shares during the period. Finally, Cornerstone Financial Partners LLC lifted its stake in Exxon Mobil by 8.1% in the first quarter. Cornerstone Financial Partners LLC now owns 10,239 shares of the oil and gas company’s stock valued at $839,000 after buying an additional 768 shares during the period. 50.73% of the stock is currently owned by institutional investors and hedge funds.
In other Exxon Mobil news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.
Exxon Mobil Co. (NYSE XOM) opened at 83.11 on Friday. The firm has a 50-day moving average price of $80.92 and a 200-day moving average price of $80.79. Exxon Mobil Co. has a 1-year low of $76.05 and a 1-year high of $93.22. The company has a market capitalization of $352.15 billion, a P/E ratio of 29.96 and a beta of 0.82.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The company had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil had a return on equity of 7.54% and a net margin of 5.37%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post $3.49 EPS for the current fiscal year.
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Several equities analysts have weighed in on XOM shares. Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 target price on the stock in a research note on Tuesday, August 29th. Wolfe Research lowered Exxon Mobil from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 14th. Societe Generale set a $95.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Friday, July 14th. Finally, Piper Jaffray Companies set a $76.00 target price on Exxon Mobil and gave the company a “hold” rating in a research note on Friday, August 25th. Six investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $85.32.
Exxon Mobil Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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